What's In The News: April 3, 2012 Groupon's (NASDAQ:GRPN) Morgan Stanley (NYSE:MS) and UBS (NYSE:UBS)

Uploaded by FinancialNewsOnline on Apr 3, 2012

This is what's in the news for Tuesday April 3, 2012. The Wall Street Journal reports People's Bank of China Gov. Zhou Xiaochuan says the world hasn't emerged from the financial crisis, and cautioned the U.S. to take "more responsibility" for its efforts to revive its economy through monetary easing. The Wall Street Journal also reports the SEC is examining Groupon's (NASDAQ:GRPN) revision of its first set of financial results as a public company, sources say. Bloomberg reports potential downgrades of banks by Moody's Investor Service, including Morgan Stanley (NYSE:MS) and UBS (NYSE:UBS), could push more business to JP Morgan Chase (NYSE:JPM) and Deutsche Bank (NYSE:DB). Bloomberg also reports Australian LNG projects planned by companies from Royal Dutch Shell (NYSE:RDS.A) to Woodside Petroleum (ASX:WPL), valued at about $100B, are at risk from rising costs and cheaper U.S. exports. Finally, Reuters reports Google (NASDAQ:GOOG) will continue to invest in China, focusing on increasing its fast growing display and mobile advertising businesses, says the company's APAC President Daniel Alegre